What is Moneybookers?

Moneybookers (now Skrill) is an online e-wallet used for receiving and sending money to gambling accounts, friends or other merchants. It’s safe, fast, convenient and free to set up an account. For Canadians, Money bookers accounts can be funded with a credit card or via bank transfer and we recommend them as the best overall option for sending money to online sportsbooks.

How does Moneybookers work?

Moneybookers works very similar to PayPal. After you set up an account you can fund it with either a credit card or your bank account. Then, you can transfer funds to any sportsbook that accepts Moneybookers as a deposit method through the sportsbooks web site.

Is Moneybookers safe?

Moneybookers is safe and is licensed and regulated in the UK.

What are Moneybookers fees?

There are no fees for opening a Moneybookers account but there are fees to fund your account and withdraw from it (but they are pretty reasonable).

Send money from a Credit Card: 1.9% flat fee
Upload fees for bank transfers: Free (your bank may charge you for a bank wire)

Moneybookers withdrawal by cheque:  $3.50 flat fee (or currency equivalent)
Withdraw to bank account: $1.80 flat fee (or currency equivalent)

Note: If you use the service frequently you will be designated as a VIP, resulting in many benefits including higher limits and NO fees on deposits.

How do I setup a Moneybookers account?

Visit Moneybookers and click the Register button from their homepage. Registering is easy and takes less than 5 minutes.

What are the limits at Moneybookers?

After signup, you will be assigned a starting limit which will grow as you use the service and complete additional verification steps. Verifying your home address and credit card are two steps you can take to increase your limits. Your exact limit will depend on a variety of factors but generally limits are more than high enough for most sports bettors. As mentioned above, limits will be increased dramatically if you qualify for VIP status.

Moneybookers Withdrawals

You can withdraw from Moneybookers to your bank account or via cheque. Both options take 2-5 days and fees are listed above.

Moneybookers Account Currencies

Moneybookers allows account currencies of all major types including Canadian Dollar, US Dollar, Euro and Pound.